I-0.4 - Mining Tax Act

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29.3. Despite sections 29.1 and 29.2, an operator’s mining tax on its annual profit, for a fiscal year that begins after 31 December 2013 and that is deemed under section 2.1 to end immediately before the time at which the operator ceases for an indeterminate period all activities that relate to its mining operation, is equal to 16% of its annual profit for that fiscal year if the aggregate of all amounts each of which is the gross value of the operator’s annual output, for the fiscal year, from a mine it operates in the fiscal year is equal to zero.
2017, c. 1, s. 58.